International Finance and Accounting Handbook

• Excerpts from the 2001 Annual Report


• Counter-motions to the annual general meeting of shareholders

Exhibit 13.6 shows the cover page of the notice of Toyota’s annual general meet-
ing, which presents the meeting agenda, and reports contained in the Toyota share-
holders’ meeting document. Toyota’s document is more detailed than Volkswagen’s.
For example, it presents a discussion of the company’s progress and management’s
objectives for the future, information about the company, major shareholders, status
of main subsidiaries and affiliates, and more detailed information about the 53 mem-
bers of the board of directors than is disclosed by Volkswagen.
Exhibit 13.7 presents the table of contents of Ford’s Proxy Statement. The proxy
statement includes Ford’s Audit Committee Report, details on director and executive
officer compensation, information on relationships and related transactions, manage-
ment stock ownership, and many other types of information.

13 • 14 CORPORATE FINANCIAL DISCLOSURE: A GLOBAL ASSESSMENT

Exhibit 13.4. Annual General Meeting Disclosure Hyundai Motor Company.

Title Resolution of the Annual General Count 1907 Date 03-15-2002
Meeting of Shareholders (AGM)

1. Approval of the financial statements of the 34th business year:
   (unit: million KRW)
   Total assets 19,632,846 Sales 22,505,093
   Total liabilities 10,535,035 Ordinary income 1,666,018
   Capital stock 1,476,454 Net income 1,165,399
   Total shareholders’ Equity 9,097,811 Earnings per share KRW 5,164
   Opinion of outside auditor: appropriate


2. Details of dividends:
   
   
   1. Dividends per share:
      Common shares KRW 750
      Series 1 preferred shares KRW 800
      Series 2 preferred shares KRW 850
      Series 3 preferred shares KRW 800
   
   
   2. Total cash dividends: KRW 215,145,000,000
   
   
   3. Dividend ratio to market value: 3.03%
   
   
   4. Dividend ratio to face value: 15%
   
   
   5. Dividend payout ratio: 18.5%
   
   
   
   


3. Current status of directors and audit committee:
   
   
   1. Appointees: Mong-Koo Chung, Byung-In Park, Rudiger Grube, Kwang-Nyun Kim
   
   
   2. Total number of registered directors: 8
   
   
   3. Total number of outside directors: 4
   
   
   4. Percentage of outside directors appointed: 50%
   
   
   5. Total number of audit committee: 3 outside auditors
   
   
   
   


4. Other resolutions:
   
   
   1. Approval of the financial statements of 34th business year;
   
   
   2. Amendment of the Articles of Incorporation;
   
   
   3. Appointment of directors;
   
   
   4. Appointment of a member of audit committee; and,
   
   
   5. Approval of the limit on compensation for directors.
      *The agenda was passed as proposed.
   
   
   
   


5. Date of AGM: March 15, 2002


6. Others: Total cash dividend in No. 2-2) above is rounded up to KRW 1,000,000.